Housing finance company approval granted subject to compliance with section 36(1)(viii) and long term residential fund utilisation. Approval was granted to M/s. Parashwanath Housing Finance Corporation Limited as a housing finance company under the Income tax Act for specified assessment years, subject to conformity with the Act's housing finance company provisions and the condition that not less than seventy five percent of investible funds are continuously utilised to provide long term housing finance for residential purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Housing finance company approval granted subject to compliance with section 36(1)(viii) and long term residential fund utilisation.
Approval was granted to M/s. Parashwanath Housing Finance Corporation Limited as a housing finance company under the Income tax Act for specified assessment years, subject to conformity with the Act's housing finance company provisions and the condition that not less than seventy five percent of investible funds are continuously utilised to provide long term housing finance for residential purposes.
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